Data Analysis

Is Your Team Data Proficient? Take This Assessment and Find Out

The most successful companies in the world are data-driven. They use data to make better decisions, innovate faster, and beat the competition. As the world also becomes increasingly dominated by technology, this creates a perfect storm for companies and executive teams. Yet they’ll be able to deftly weather the storm if they become proficient at skillfully using data. Data … [Read more...]

Understanding Bankroll Management and the Math behind the Bookies

There are a few key things that you'll need to know in order to make a profit betting on sports, and as long as you can stay disciplined, you will have a chance profit on your investment. Make no mistake about it, betting on sports is an investment just like any other, so let's take a closer look at how to read the market. Understanding the Math Behind Sports Betting In order … [Read more...]

How to Optimize Your Small Business

For your business to be successful, it has to be effective. To achieve this effectiveness as a small business with a limited budget, the best course of action is to optimize your business so that you can eliminate unnecessary processes, streamline time-consuming tasks, and make data driven insights. Here are ways to optimize your small business. Use Cloud-Based … [Read more...]

Why Companies Are in Need of Data Lineage Solutions

Successful companies always analyze data in order to create strategies that will help them achieve their business goals. However, do you actually understand your data? And what is data lineage? Why do you need data lineage solutions? These are some of the questions that will be answered in this article. What Is Data Lineage? Data lineage is the lifecycle of data. Much like … [Read more...]

The Benefits of Using the Internet of Things in Small Business

Connectivity may come to be the defining feature of the 21st century. It’s not just people who can communicate with each other over the internet, devices can too. These online “smart” devices are part of the “Internet of Things” (IoT) and look set to shape the future, not just of our private lives, but also of businesses large and small. The team at Components Bureau look at … [Read more...]

Who is a Data Scientist?

Considered the sexiest job in 2012 by Harvard, Data Science had slowly grown in popularity since it was recognized as an independent discipline in 2001 and then burst into the fore after 2012. But even now, there isn’t much clarity when it comes to actually trying to define the discipline. Given that there are many parallels between data sciences and statistics, the most common … [Read more...]

Conducting Market Research? Avoid These Common Mistakes

Market research is an essential tool for all brands. Not only does it give you deep insight into your consumer's buying patterns, but it better equips you to strategize your business plan effectively. At the same time, it is essential to have proper market research at your disposal. Proper market research should be methodical, organized, and well-planned. Here are a few … [Read more...]

9 Ways Technology Should Be Used in Your Business

Technology, for many businesses, seems like a double-edged sword. Unfortunately, technology should be a tool that doesn’t come with any drawback. How can you get everything you expect from technology? Save Money The rumor is true; software and hardware can save you money. But beware, because there are a lot of technology solutions available that claim to help you save money … [Read more...]

Mapping the Future of Your Business with the Best BI Software Solution

In order to develop a so called “road map” for the future of your business, you need to have access to information that will help you with strategic planning. Strategic planning will help you to set and implement goals, as well as make business decisions that will directly impact the future success of your business. In order to successfully retrieve the information, you need to … [Read more...]

Does Customer Service Still Need a Human Touch?

Technology is constantly altering how we do business. Big data and AI have made it possible to collect and parse through massive amounts of information quickly, allowing businesses to streamline their operations. Businesses like Amazon and Netflix live and die by new technology, as the only reason they are able to be a success is by embracing change. One facet of business … [Read more...]